Category: Markets
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Poll: Federal Reserve to cut Fed Funds by 25bp in September, November and December
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Poll: Federal Reserve to cut Fed Funds by 25bp in September, November and December
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Trump to reiterate he will stop US Steel sale to Nippon By Reuters
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By Gram Slattery and David Shepardson YORK, Pa. (Reuters) – Republican presidential candidate Donald Trump will confirm on Monday that he will block Nippon Steel Corp.’s planned purchase of U.S. Steel and move to roll back power plant pollution rules put in place by the Biden administration. Trump had signaled…
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Bearish dollar momentum building; sterling hits one-month high By Investing.com
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Investing.com – The U.S. dollar fell on Monday ahead of the release of minutes from the Federal Reserve’s July policy meeting and Fed Chairman Jerome Powell’s upcoming speech in Jackson Hole later this week. At 05:40 ET (09:40 GMT), the dollar index, which tracks the greenback against a basket of…
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Australian dollar battles to recoup late-July losses
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AUDUSD Daily The Australian dollar rose 50 pips today on its third day of gains. It is at its highest level since July 18, and at levels that would be the highest since January except for the June and July spikes. What is particularly impressive is that the Australian dollar…
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US stocks edge higher; cautious trading ahead of Jackson Hole, Fed minutes By Investing.com
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U.S. stocks rose on Monday, steadying after last week’s strong gains, as investors awaited minutes from the Federal Reserve’s latest policy meeting, as well as the central bank’s Jackson Hole symposium, for clues on future monetary policy. By 09:35 ET (13:35 GMT), the index was up about 90 points, or…
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Dollar hits 7-month low, yen gains as traders wait on Jackson Hole By Reuters
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By Karen Brittl NEW YORK (Reuters) – The dollar fell to a seven-month low and the Japanese yen hit its highest in more than a week as traders awaited comments from Federal Reserve Chairman Jerome Powell this week that are likely to signal the U.S. central bank will start cutting…
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4 Alternative Trading Strategies in a Low Volatility Environment
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Some say that volatility is a forex trader’s best friend, but how can you make profits on a low volatility trading day or when there are no major catalysts? Here are some suggestions on how to make profits even when the markets seem to be flat: 1. Look at currency…
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Market maneuvers: Notable shifts in tech and energy sectors today
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Stock heat map from FinViz.com on Monday, August 19, 2024 13:46:10 GMT introduction Today’s stock market presents a mixed picture with notable moves across the technology and energy sectors, along with subtle shifts in consumer cyclical stocks. As we delve into the heat map, let’s explore these trends, decode sector…
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Couche-Tard makes preliminary takeover bid for Japan’s Seven & i By Investing.com
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Investing.com – Canadian Retail Giant Alimentation Coach Tard Company The Toronto Stock Exchange (TSX:) said it has made an initial offer to buy Japan’s Seven & i Holdings (TYO:), owner of the 7-Eleven chain, on Monday. Seven & I Holdings said in a statement that the company received a confidential,…
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Funds go long yen for first time in four year: McGeever By Reuters
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By Jamie McGeever ORLANDO, Fla. (Reuters) – Speculative carry trades funded in Japanese yen have completely declined, according to one measure. The latest data from the Commodity Futures Trading Commission shows that hedge funds and speculators have reversed their short positions in the yen and are now net long in…
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Chart Art: NZD/CHF Long-Term Support Turned Resistance?
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I see a textbook break and retest condition forming on the daily timeframe of NZD/CHF! Will this area of interest remain a ceiling this time? Take a look at the potential long-term support-turned-resistance area I’m watching: Daily currency pair NZD/CHF Chart by TradingView Did you miss those recent NZD/CHF bearish…
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Chart Art: NZD/CHF Long-Term Support Turned Resistance?
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I see a textbook break and retest condition forming on the daily timeframe of NZD/CHF! Will this area of interest remain a ceiling this time? Take a look at the potential long-term support-turned-resistance area I’m watching: Daily currency pair NZD/CHF Chart by TradingView Did you miss those recent NZD/CHF bearish…
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Nasdaq Technical Analysis – We have erased the growth scare
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Basic Overview Finally, the Nasdaq managed to erase the entire decline in the Institute for Supply Management (ISM) manufacturing PMI as the market’s “growth concerns” faded. The first catalyst was the healthy US jobless claims on August 8.D In August, this eased concerns about a deteriorating labor market caused by…
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Plus500 reports strong Q2, forecasts above expectations By Investing.com
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Shares of Plus500 (LON:) rose today after the company posted a bullish outlook for its full-year results, suggesting it expects to beat market expectations. At 4:22 a.m. (0822 GMT), Plus500 shares were up 4.4% at £2,538. “Expectations are up again, which suggests a strong management team with high confidence in…
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Yuan up as dollar wobbles ahead of Jackson Hole By Reuters
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SINGAPORE (Reuters) – China’s yuan was on track for its biggest gain in two weeks on Monday, benefiting from a broad sell-off in the dollar as investors bet on a U.S. interest rate cut, but it weakened against the strong yen. The Chinese currency rose to 7.1314 yuan per dollar…
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Chart Art: Resistance-turned-support For Brent Crude Oil (UKOIL)?
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Brent crude oil prices may use the broken resistance line as a support zone. Will oil prices bounce off the potential technical support area in the next few days? We are looking at the UKOIL 4-hour chart today! Brent Crude Oil (UKOIL) 4 hours Chart by TradingView If you missed…
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Dollar sluggish to start the new week
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The USD/JPY pair isn’t the only one moving so far today. The USD has also fallen against other major currencies, with EUR/USD also in particular focus. The pair is trading at 1.1040 after Friday’s gains and looks set to settle at its highest level since December last year. What’s unique…
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Union at BHP’s Escondida copper mine in Chile signs new deal, ending risk of strike By Reuters
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SANTIAGO (Reuters) – The union of workers at Chile’s Escondida mine, the world’s largest, signed a deal on Sunday with BHP, ending a strike that could have threatened global supplies of the red metal. The three-year deal includes changes to working conditions such as “initiatives to improve shift changes, increase…
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Shares in Asia Advance With Jackson Hole in Focus: Markets Wrap
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(Bloomberg) — Asian stocks rose Monday, as traders looked ahead to the Federal Reserve’s annual meeting in Jackson Hole for any clues about the future path of interest rates. Most Read from Bloomberg A regional stock index rose, extending Friday’s gains. Chinese stock markets rose, led by technology shares. Japanese…